Abbreviated Company Accounts - THE SALT SELLER LTD

THE SALT SELLER LTD - Company Information

06312340 THE SALT SELLER LTD 2014-10-31 false 2013-11-01 2014-10-31 true 06312340 2013-11-01 2014-10-31 06312340 2014-10-31 06312340 2013-10-31 06312340 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 06312340 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 06312340

THE SALT SELLER LTD

Abbreviated Accounts

31 October 2014

THE SALT SELLER LTD Registered Number 06312340

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	15,000	15,000
Tangible assets	3	723	904
		15,723	15,904
Current assets
Stocks		31,690	45,715
Debtors		14,252	26,654
Cash at bank and in hand		75	13
		46,017	72,382
Creditors: amounts falling due within one year		(11,501)	(43,463)
Net current assets (liabilities)		34,516	28,919
Total assets less current liabilities		50,239	44,823
Creditors: amounts falling due after more than one year		(58,968)	(62,509)
Total net assets (liabilities)		(8,729)	(17,686)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(8,730)	(17,687)
Shareholders' funds		(8,729)	(17,686)

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 August 2015

And signed on their behalf by:
Lenni Smith, Director

THE SALT SELLER LTD Registered Number 06312340

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment – 25% straight line

Other accounting policies
Stock - Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 November 2013	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	15,000
Amortisation
At 1 November 2013	-
Charge for the year	-
On disposals	-
At 31 October 2014	-
Net book values
At 31 October 2014	15,000
At 31 October 2013	15,000

3Tangible fixed assets

	£
Cost
At 1 November 2013	1,883
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,883
Depreciation
At 1 November 2013	979
Charge for the year	181
On disposals	-
At 31 October 2014	1,160
Net book values
At 31 October 2014	723
At 31 October 2013	904

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1